NOT LISTED FOR SALE

120 S Hibiscus Dr Miami Beach, FL 33139

Star, Palm and Hibiscus Islands Neighborhood

Estimated Value: $7,292,000 - $8,327,000

5 Beds
5 Baths
3,529 Sq Ft
$2,218/Sq Ft Est. Value

Last Sold May 24, 2021

Last sale price $5,500,000 $1,559 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $52,226/month

327 Days on Market

Highlights

  • 60 Feet of Waterfront
  • Intracoastal View
  • Vaulted Ceiling
  • South Pointe Elementary School Rated A-
  • Deck
  • Ranch Style House

About This Home

As of May 2021

The least expensive waterfront property on exclusive gated Hibiscus Island in South Beach, minutes from World famous Ocean Drive, Downtown Miami & Brickell. Make it your home or tear it down & build another luxurious Palace on the Island! One of the last waterfront homes or site available at close to land value. The Island also includes tennis courts for outdoor sports. The private dock for your boat & jet ski lifts overlook the peaceful wide canal. Property has direct access to the Intracoastal Waterways & the Ocean. Great floor plan: a separate wing at entrance leads to 2 bed/2 baths. Den/office enjoys the entire living area. 2 master suites open to the pool deck & overlook the Palaces of Palm Island across the sparkling blue waters. Enjoy South exposure & Downtown views! CASH DEAL ONLY

Last Agent to Sell the Property

Yolande Citro

Keller Williams Elite Properties License #0622229 Listed on: 03/11/2020

Keller Williams Elite Properties

Last Buyer's Agent

Jennifer Restrepo

LUXHL LLC License #3168455

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $118,864

Year Built

  • Built in 1946

Lot Details

  • 60 Feet of Waterfront
  • Fenced

Parking

  • Attached Garage

Property Views

  • Intracoastal
  • Bay

Home Design

  • Ranch Style House

Interior Spaces

  • Split Bedroom Floorplan
  • 3,529 Sq Ft Home
  • Vaulted Ceiling
  • French Doors

Outdoor Features

  • Deck
  • Patio
  • Exterior Lighting

Community Details

  • Hibiscus Island Community

Listing and Financial Details

  • Assessor Parcel Number 02-32-32-006-0780

Home Details

Home Type

Single Family

Est. Annual Taxes

$118,864

Year Built

Built in 1946

Lot Details

0

Parking

1

Listing Details

  • Internet Remarks: Great waterfront property on exclusive Hibiscus Island in South Beach, minutes away from World famous Ocean Drive, Downtown Miami and Brickell.
  • Municipal Code: 2
  • Property Type: Single Family
  • Restrictions: Ok To Lease, Ok To Lease With Res
  • Section: 32
  • Year Built: 1946
  • Property Sq Ft: 10500
  • Year Built Description: Resale
  • Zoning Information: 0800
  • Flood Zone: AE
  • Furnished Info Sold: Unfurnished
  • Intended Use: Unknown/Withheld
  • Lp Amt Sq Ft: 1558.5152
  • Ratio Close Price By List Price: 1.00000
  • Style: Wf/Pool/Ocean Access
  • Website: www.yolandecitro.com
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Front Exposure: South
  • Bedroom Description: At Least 1 Bedroom Ground Level, Entry Level, Master Bedroom Ground Level
  • Primary Bathroom Description: Dual Sinks, Separate Tub & Shower
  • Dining Description: Dining/Living Room, Family/Dining Combination, Florida/Dining Combination
  • Interior Amenities: First Floor Entry, French Doors, Split Bedroom, Vaulted Ceilings, Volume Ceilings, Walk-In Closets
  • Windows Treatments: Drapes & Rods
  • Design: Detached
  • Adjusted Area Sq Ft: 3529
  • Full Bathrooms: 5
  • Total Bathrooms: 5.00
  • Total Bedrooms: 5
  • Design Description: One Story, Ranch
  • Appliances: Automatic Garage Door Opener, Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer
  • Furnished Info: Unfurnished
  • Pool: Yes
  • Sq Ft Liv Area: 3529
  • Total Sq Ft: 3529

Exterior Features

  • View: Bay, Intracoastal View
  • Pool: Below Ground Pool
  • Water Access: Private Dock
  • Waterfront Description: Bay Front, Intracoastal Front, No Fixed Bridges, Ocean Access
  • Waterfront Frontage: 60
  • Lot Size: 60 X 175
  • Construction Type: Cbs Construction
  • Roof Description: Flat Tile Roof, Flat Roof With Facade Front
  • Waterfront Property: Yes
  • Exterior Features: Awnings, Deck, Fence, Exterior Lighting, Patio

Garage/Parking

  • Garage Description: Attached
  • Parking Description: Circular Drive, Driveway, Guest Parking
  • Garage Spaces: 1

Utilities

  • Sewer Description: Municipal Sewer
  • Cooling Description: Electric Cooling
  • Heating Description: Central Heat
  • Water Description: Municipal Water

Condo/Co-op/Association

  • Floor Description: Ceramic Floor, Parquet Floors, Wood Floors
  • Subdivision Complex Bldg: HIBISCUS ISLAND
  • Development Name: HIBISCUS ISLAND
  • Housing Older Persons Act: No Hopa
  • Subdivision Information: Community Tennis Courts, Gated Community, Public Road

Lot Info

  • Lot Description: 1/4 To Less Than 1/2 Acre Lot, East Of Us 1, Flood Zone Lot
  • Parcel Number: 02-32-32-006-0780
  • Lot Sq Footage: 10500
  • Parcel Number Mlx: 0780

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Information: Tax Reflects No Exemptions
  • Tax Amount: 77000
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 2, 2022
Sold by
Hibiscus Drive Llc
Bought by
Keeler Living Trust
Current Estimated Value
$7,827,664

Purchase Details

Closed on
Aug 1, 2022
Sold by
Keeler Family Living Trust
Bought by
120 S Hibiscus Drive Llc

Purchase Details

Listed on
Mar 11, 2020
Closed on
May 20, 2021
Sold by
Panal Investments Ltd
Bought by
Keeler Peter and Keeler Family Living Trust
Seller's Agent
Yolande Citro
Keller Williams Elite Properties
Buyer's Agent
Jennifer Restrepo
LUXHL LLC
List Price
$5,500,000
Sold Price
$5,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.99%

Purchase Details

Closed on
Feb 27, 1997
Sold by
Gaeta Georgina
Bought by
Panal Investments Ltd

Purchase Details

Closed on
Sep 17, 1993
Sold by
Mueller Guillermo and Muller William
Bought by
Gaeta Jorgelina and Gaeta Muller Jorgelina Beatriz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
7.19%
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Keeler Living Trust -- Sloto & Diamond Pllc
120 S Hibiscus Drive Llc -- Sloto & Diamond Pllc
Keeler Peter $5,027,500 Attorney
Panal Investments Ltd $545,000 --
Gaeta Jorgelina -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gaeta Jorgelina $290,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2021 05/24/21 Sold $5,500,000 0.0% $1,559 / Sq Ft
02/01/2021 02/01/21 Pending -- -- --
03/11/2020 03/11/20 For Sale $5,500,000 -- $1,559 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $118,864 $5,994,484 -- --
2024 $131,861 $5,455,890 -- --
2023 $131,861 $4,959,900 $6,457,500 $301,760
2022 $84,427 $4,820,550 $4,777,500 $43,050
2021 $84,287 $4,121,095 $0 $0
2020 $76,130 $3,968,798 $3,570,000 $398,798
2019 $77,332 $3,972,273 $3,570,000 $402,273
2018 $72,142 $3,765,744 $3,360,000 $405,744
2017 $75,787 $3,259,285 $0 $0
2016 $67,105 $2,962,987 $0 $0
2015 $63,450 $2,693,625 $0 $0
2014 $53,737 $2,448,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Y

    Seller's Agent in 2021

    Yolande Citro

    Keller Williams Elite Properties

    (305) 968-1763

    1 in this area

    19 Total Sales

    Yolande Citro
    Section Image
  • Jennifer Restrepo

    Buyer's Agent in 2021

    Jennifer Restrepo

    LUXHL LLC

    (305) 501-2040

    1 in this area

    17 Total Sales

    Jennifer Restrepo
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10836537

MIAMI REALTORS® MLS

APN: 02-3232-006-0780

Florida Miami/Dade County Miami Beach 33139 Star, Palm and Hibiscus Islands

120 S Hibiscus Dr, Miami Beach, FL

This home is located at 120 S Hibiscus Dr, Miami Beach, FL 33139 since 11 March 2020 and is currently estimated at $7,827,664, approximately $2,218 per square foot. This property was built in 1946. 120 S Hibiscus Dr is a home located in Miami-Dade County with nearby schools including South Pointe Elementary School, Nautilus Middle School, and Miami Beach Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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